Musk describes Tesla’s recession book: cost recovery

Musk describes Tesla’s recession book: cost recovery

Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) heading into what he thinks is a “serious” recession: cutting costs on everything from parts to logistics, while maintaining pressure on competitors with reduced prices. . During a conference call to discuss Tesla’s fourth quarter results, Musk and other executives outlined plans to … Read more

It’s ‘now or never’ to stop Japan’s population decline, says PM

It’s ‘now or never’ to stop Japan’s population decline, says PM

Jan 23 (Reuters) – Japanese Prime Minister Fumio Kishida pledged on Monday to take urgent action to tackle the country’s falling birth rate, saying it was “now or never” for one of the oldest societies in the world. Japan has tried in recent years to encourage its people to have more children with promises of … Read more

Bank of Japan policy change sparked rare government demand for pause

Bank of Japan policy change sparked rare government demand for pause

TOKYO, Jan 23 (Reuters) – Government officials who attended the Bank of Japan’s policy meeting in December were granted a half-hour adjournment to contact their ministries, minutes show, pointing out the importance of the central bank’s decision to change its bond market peg. At the December 19-20 meeting, the BOJ maintained its ultra-loose monetary policy … Read more

Russian warship armed with hypersonic missiles will take part in exercises with China and South Africa

Russian warship armed with hypersonic missiles will take part in exercises with China and South Africa

Jan 23 (Reuters) – A Russian warship armed with next-generation hypersonic cruise weapons will take part in joint exercises with the Chinese and South African navies in February, Russian state news agency TASS said on Monday. This was the first official mention of the participation of the frigate “Admiral of the Fleet of the Soviet … Read more